In the Extended Classical Model,an Anticipated Increase in the Money

question 48

Multiple Choice

In the extended classical model,an anticipated increase in the money supply would cause output to ________ and the price level to ________ in the short run.

• A)increase;increase
• B)increase;not change
• C)not change;increase
• D)decrease;increase

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Definitions:

Operating System

The software that manages a computer's hardware and software resources, providing common services for computer programs.

ROM

Read-Only Memory, a type of non-volatile storage that is primarily used to store firmware or application software in electronic devices.

RAM

Short for Random Access Memory, a type of computer memory that can be accessed randomly and is used for storing the working data and machine code currently being used.

FORTRAN

A high-level programming language used primarily for numerical and scientific computing, known for its efficiency in the areas of complex mathematical calculations.